$2.35 million for home with political–and architectural–cachet
October 11th, 2016
Chicago-area business executives have hosted one fundraising party after another this election season. In recent days Fred Eychaner, J.B. Pritzker and Bill Farley have all opened their homes to candidates. Absent from the mix is Leo Melamed.
The chairman emeritus of Chicago Mercantile Exchange Group and chairman of the Chicago-based Melamed & Associates consulting firm for years organized receptions at his Glencoe home for political candidates.
Not this year. That’s because Melamed is trying to sell the spacious rambler.
“We’ve been here for over 30 years. We’re ready to move back to the city as so many of our friends have done,” he said, referring to his wife, Betty.
GOP presidential candidate Robert Dole, U.S. Senator Dick Durbin and U.S. Rep. Bob Dold were among the politicos feted by the Melameds over the years.
“And of course we’ve had a number of parties that had nothing to do with politics,” he said, recalling the 100 guests that would stop by each year for the family’s Hanukkah celebration.
Melamed talked about his home before heading out this week for Beverly Hills, where he’s scheduled to speak at a Yom Kippur service.
The Melameds have been trying for three years to sell their home. They’ve dropped the asking price to $2.35 million.
The brick rambler has all the modern touches of a mid-century style home–large windows, exposed beams and brick, and spaciousness.
Along with having some political cache, the home is notable for being built by architect Edward Dart, who also built the Water Tower Place on Michigan Avenue.